Which Type of Data Mining Usually Begins with the User

question 24

Multiple Choice

Which type of data mining usually begins with the user telling the data mining software to look and test for specific patterns and relationships in a data set?

• A)supervised  
• B)specific  
• C)comprehensive  
• D)unsupervised

Understand the concept and calculation of direct materials price variance.

Understand the concept and calculation of direct materials quantity variance.

Recognize different types of standards (ideal, normal, currently attainable).

Understand the computation of direct labor rate and time variances.

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Definitions:

Economic Inefficiency

A situation where resources are not allocated optimally, leading to waste or an outcome where potential gains are not fully realized.

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully employed.

Market Prices

The amounts at which goods and services can be bought or sold in open markets.

Resource Substitutability

The degree to which different inputs (or resources) can be substituted for one another in the production process.